Shares of Viacom Inc. (NASDAQ:VIA) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $43.00.

Several research firms have recently issued reports on VIA. Citigroup Inc. lowered shares of Viacom from a “neutral” rating to a “sell” rating in a research note on Monday, October 9th. UBS AG reiterated a “buy” rating and issued a $45.00 target price (down previously from $50.00) on shares of Viacom in a research note on Wednesday, August 9th.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc grew its position in Viacom by 3,470.8% during the second quarter. Legal & General Group Plc now owns 3,428 shares of the company’s stock valued at $130,000 after buying an additional 3,332 shares during the period. Public Employees Retirement System of Ohio grew its position in Viacom by 31.3% during the second quarter. Public Employees Retirement System of Ohio now owns 4,386 shares of the company’s stock valued at $167,000 after buying an additional 1,046 shares during the period. California Public Employees Retirement System bought a new position in Viacom during the first quarter valued at about $224,000. Citigroup Inc. bought a new position in Viacom during the second quarter valued at about $195,000. Finally, Pinnacle Associates Ltd. grew its position in Viacom by 50.7% during the second quarter. Pinnacle Associates Ltd. now owns 7,315 shares of the company’s stock valued at $278,000 after buying an additional 2,460 shares during the period. Institutional investors own 2.28% of the company’s stock.

Viacom (VIA) traded down 0.88% on Wednesday, reaching $33.65. 44,824 shares of the company were exchanged. The company’s 50-day moving average price is $36.52 and its 200-day moving average price is $39.45. The stock has a market capitalization of $13.53 billion, a P/E ratio of 9.26 and a beta of 1.43. Viacom has a 12-month low of $30.55 and a 12-month high of $49.00.

Viacom (NASDAQ:VIA) last posted its earnings results on Thursday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.12. Viacom had a net margin of 11.04% and a return on equity of 30.89%. The firm had revenue of $3.36 billion during the quarter. Equities research analysts anticipate that Viacom will post $3.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.80 annualized dividend and a yield of 2.38%. Viacom’s payout ratio is currently 21.98%.

Viacom Company Profile

Viacom Inc offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. As of September 30, 2016, the Company offered its services for audiences in more than 180 countries.

Analyst Recommendations for Viacom (NASDAQ:VIA)

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